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Nan Ya Plastics Corp (1303) Fair Value & Analysis

Basic Materials · TW · Market cap 1.4T TWD (≈ $45.3B) · ISIN TW0001303006

What is Nan Ya Plastics Corp really worth?

NY Nan Ya Plastics Corp 1303 · TW
Price225.50 TWD
Fair Value380.00 TWD
Upside+68.5%
Quality53/100

A solid business, trading 41% below our fair value of 380.00 TWD.

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Risks

!Weak Growth (revenue 5y −1.0 %/yr)
!Thin margins · 7.0% net margin
!Low debt · negative free cash flow
!Trails peers (4/14)
!Narrow moat 33/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 23 out of 100
!Weak on past: 20 out of 100

For context

·0.35% dividend yield
Evidence: Medium Range 284.70 TWD – 380.00 TWD

Fair value as of: Aug 29, 2026

From 13 valuation models · updated 6 days ago

Fair value updated Aug 29, 2026, revised from 311.66 TWD to 380.00 TWD (+21.9%) since Aug 13, 2026. Share price +27.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (284.70 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

242.50 TWD 26.65 TWD Fair Value 380.00 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range 26.65 TWD – 242.50 TWD · fair‑value band 284.70 TWD – 380.00 TWD · the 225.50 TWD price screens below the 380.00 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Nan Ya Plastics Corp (1303) currently trades at 225.50 TWD, while our model-based Fair Value estimate is 380.00 TWD, implying the stock looks roughly 40.7% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. How firm this estimate is: it rests on 15 models at a data quality of 91/100, which puts the evidence level at medium.

Over the trailing twelve months, Nan Ya Plastics Corp generated revenue of 263B TWD at a net margin of 7.0%. Revenue grew 4.6% year over year. It earns a return on equity of 5.1%. Net debt stands at 127B TWD. Fundamentals as of Aug 29, 2026

Our scenario range runs from 284.70 TWD (bear case) to 380.00 TWD (bull case); at 225.50 TWD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at 69%, 1303 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (1.87 TWD to 30.12 TWD). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 31.58 TWD 30.12 TWD 23.08 TWD 76
Owner Earnings 16.22 TWD 24.64 TWD 41.15 TWD 75
Gordon GGM 6.75 TWD 7.42 TWD 8.45 TWD 69
All 13 models by family
DCF Models
Owner Earnings 16.22 TWD 24.64 TWD 41.15 TWD 75
Earnings-Based
Graham-Dodd 3.87 TWD 5.10 TWD 5.86 TWD 67
Dividend Discount
Gordon GGM 6.75 TWD 7.42 TWD 8.45 TWD 69
DDM Multi-Stage 6.75 TWD 8.73 TWD 11.52 TWD 67
Multiples
P/E Multiple 7.26 TWD 9.69 TWD 12.11 TWD 63
P/S Multiple 7.26 TWD 9.69 TWD 12.11 TWD 58
P/B Multiple 7.26 TWD 9.69 TWD 12.11 TWD 55
EV/EBIT 0.7100 TWD 2.34 TWD 3.97 TWD 60
EV/EBITDA 20.60 TWD 28.86 TWD 37.13 TWD 67
EV/Revenue 0.0500 TWD 1.87 TWD 3.69 TWD 46
Asset-Based
NCAV (Graham) 22.42 TWD 30.05 TWD 44.85 TWD 54
Economic Profit
Residual Income 31.58 TWD 30.12 TWD 23.08 TWD 76
Growth Earnings
Growth-Adj P/E 5.18 TWD 7.39 TWD 9.61 TWD 67

Widest divergence: Economic Profit (30.12 TWD) versus Earnings-Based (5.10 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 402.7
P/S ratio 7.00 P/E × margin
EPS (TTM) 0.5600 TWD price ÷ EPS = P/E 402.7
Dividend yield 0.4% payout 143%
Net margin 1.7% FY2025
Return on equity 5.1% TTM
More key figures
Profitability
Return on assets (EBIT) 4.8% avg 5y
Operating margin 5.5% TTM
Growth
Revenue (TTM) 263B TWD TTM
Revenue growth (YoY) +4.6% 3y avg −9.9%
EPS growth (YoY) +30.5%
Balance sheet & cash flow
Free cash flow −2.7B TWD FY2025
Net debt 127B TWD FY2025

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 50 · Market factors (momentum, volatility) 83

Profitability 18
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Nan Ya Plastics Corporation engages in the manufacture and sale of plastic products, polyester fibers, petrochemical products, and electronic materials in Taiwan, China, the United States, and internationally.

Full company description

Nan Ya Plastics Corporation engages in the manufacture and sale of plastic products, polyester fibers, petrochemical products, and electronic materials in Taiwan, China, the United States, and internationally. It provides plastic products, such as PP synthetic paper, adhesives, optical films, outdoor decoration materials, TPU films, synthetic leathers, PU resins, doors, Neuma fire-rated doors and windows, plastic pallets, PVC cling and PE Stectch films, BOPP film, engineering and PVC compounds, unsaturated polyesters, pipes and fittings, rigid sheets, A-PET sheet/rigid films, interior decoration materials, PVC sheets, PVC rigid sheet, injection, decoration and window films, PET films, and PU-DISCs. The company also offers chemicals, including phthalate plasticizers, phthalic anhydride, alcohols, glycols, curing agents, hydrogen peroxide, tetrahydrofuran, butanediol, bisphenol-A, epoxidized soybean oil, stabilizers, liquefied gases, and epoxy. In addition, it offers electronic materials comprising copper clad laminate, glass fabrics, liquid crystal displays, touch panels, copper foils, and PCB inks; and fibers and textiles consisting of draw textured yarn, spin draw yarn, fully oriented yarn, partially oriented yarn, polyester staple fiber, PET resin, polyester film, polyester release film, woven fabric, and knitting fabric. Further, the company provides HV/LV switchgears, cast resin transformers, vacuum contactor switchgears, molds, rollers, and screws and barrels. Its products are used in household items, outdoor sports, transport materials, building materials, coatings, 3C appliances, civil farm, industrial equipment, and other applications. Nan Ya Plastics Corporation was incorporated in 1958 and is headquartered in Kaohsiung, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nan Ya Plastics Corp reported revenue of 260B TWD in FY2025 versus 412B TWD in FY2021, a compound −10.9%/yr. Reported net income was 4.5B TWD in FY2025, compounding −51.4%/yr from FY2021.

Growth Quality 22/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
260B TWD
Latest YoY
+0.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.0%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.1%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−29.0% (−29.4 + 0.4)
Revenue −10.9%/yr
FY21 412B TWD
FY22 355B TWD
FY23 260B TWD
FY24 260B TWD
FY25 260B TWD
Net income −51.4%/yr
FY21 81.3B TWD
FY22 32.1B TWD
FY23 6.3B TWD
FY24 3.3B TWD
FY25 4.5B TWD
Character of growth · EPS growth decomposed (2014-2025) −20.9 % p.a.
Revenue per share −1.6 %

of which total revenue −1.6 % · buybacks/dilution +0.0 %

EBIT margin −18.2 %
Tax rate −1.2 %
Residual (interest, one-offs) −0.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Nan Ya Plastics Corp Fair Value". https://www.fairvalue-calculator.com/stock/1303

Peer Group

Specialty Chemicals · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 53 · Above median
Fair Value upside +69% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 5% · Above median
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 402.7× · Pricier than 75% of peers
P/B 4.05× · Pricier than 75% of peers
P/S (TTM) 5.47× · Pricier than 75% of peers
EV/EBITDA 49.2× · Pricier than 75% of peers
PEG 6.46× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE23 · sector 20
PAST20 · sector 23
HEALTH89 · sector 95
DIVIDEND7 · sector 28

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

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Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is Nan Ya Plastics Corp (1303) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of 380.00 TWD versus a price of 225.50 TWD, about +69% upside (undervalued).
What is the fair value of 1303?
Our model-based fair value for Nan Ya Plastics Corp is 380.00 TWD (as of Aug 29, 2026), built from audited fundamentals. The current price: 225.50 TWD.
What is the quality score of 1303?
Nan Ya Plastics Corp has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Nan Ya Plastics Corp (1303)?
Nan Ya Plastics Corp reported trailing-twelve-month revenue of about 263B TWD (latest available figure, as of Aug 29, 2026).
What is the net profit margin of 1303?
The net profit margin of Nan Ya Plastics Corp is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
Does Nan Ya Plastics Corp pay a dividend?
Nan Ya Plastics Corp currently shows a dividend yield of about 0.35% relative to its recent price (as of Aug 29, 2026).
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